PEPE's Rally Halts As Musk's Influence Fades Is This The Beginning Of A Bigger Decline?👀🌪️
Pepe's value has risen 7% in 24 hours to $0.0000207 as the crypto market recovers.
A New Year’s Day rally helped PEPE recover from a tough week, with the token’s value rising 18% in seven days.
However, it rose just 1% in a month, raising concerns about whether it can recover to its all-time high in early December during the post-election rally.
However, Elon Musk's brief use of Pepe in his X profile picture suggests that the coin will rise strongly this year.
PEPE's Rally Stalls As Musk's Influence Fades - Is This the Start of a Bigger Decline?
PEPE was struggling before the New Year, as Christmas Day was not a happy day for him.
After Elon Musk changed his X profile picture to Pepe, it recovered.
PEPE price has fallen again after Musk's rally, although it is up 7.5% since hitting $0.00001915, its lowest level in 24 hours.
PEPE's 24-hour trading volume surged from $2 billion to $2.3 billion in this morning's hours, reflecting this enthusiasm.$ETH
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The Relative Strength Index (purple) is rising again, indicating buying pressure.
After rising above the 200-period average (blue) on New Year's Eve, the 30-period average (orange) is rising.
Together, this shows that PEPE has entered a growth phase like the market.